Rs 20k to 20 L .....in 12 months time..

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_Rajesh_

Well-Known Member
but if you see the levels RR was quite good with long break at 3265 which could have been the stop (and it worked ) to hit 3220 h1

and entry time was before 10
Agree, it would have been a good trade. But again, we could have exited the existing trade at 3140 for comparable profit. If shorting at 3250 was per system in spite of the spike, then missed trade. Else part of the job.

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amitagg

Crude Oil Trader
Hi
Can anyone explain rationale for short at 3212 when 3207 is long level
And 3191 is breakdown level mod point posted

3212 is otherwise pivot daily
 

marimuthu13

Well-Known Member
Why was the short at 3250-55 not taken! Any reason
Possibly because of 80 point vertical rise? Where does the SL go? RR?

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but if you see the levels RR was quite good with long break at 3265 which could have been the stop (and it worked ) to hit 3220 h1

and entry time was before 10
Agree, it would have been a good trade. But again, we could have exited the existing trade at 3140 for comparable profit. If shorting at 3250 was per system in spite of the spike, then missed trade. Else part of the job.

Sent from my SM-G550FY using Tapatalk
hi both,

actually there is no trade plan to sell 3250, even if I sold SL at 3255 just clicked..

yesderday i was little shock over sharp 80 points in one candle..
 

dreammerchant

Well-Known Member
hi both,

actually there is no trade plan to sell 3250, even if I sold SL at 3255 just clicked..

yesderday i was little shock over sharp 80 points in one candle..
Crude prices had risen on Tuesday after Reuters reported that Iran was sending positive signals that it could support joint action to prop up the oil market. analysts and traders remain sceptical that producers will come to an agreement at a meeting in Algeria next month as various OPEC members continue to have individual agendas to push.

This is the reason for yesterday's upmove

DM
 

marimuthu13

Well-Known Member
Crude prices had risen on Tuesday after Reuters reported that Iran was sending positive signals that it could support joint action to prop up the oil market. analysts and traders remain sceptical that producers will come to an agreement at a meeting in Algeria next month as various OPEC members continue to have individual agendas to push.

This is the reason for yesterday's upmove

DM
i have noticed it just after spikes, thanks to online media's...
 

Shikamaru

What a drag!!!
i have noticed it just after spikes, thanks to online media's...
As long as SL hit at any situation we no need to worry about News,
but Yesterday is bit different with spike of about 80 points.
Y'day, my short +10 points position gone in second to -30 points position
due to SL jump and I exited in market price. Its ok to take loss but
SL jump is worrisome, this 2nd time in this year which void my setup
and money management

Market Golden rule repeated again, "Market discount anything"
Plan to not account this trade in analysis since Its occurrence is very less
 

marimuthu13

Well-Known Member
As long as SL hit at any situation we no need to worry about News,
but Yesterday is bit different with spike of about 80 points.
Y'day, my short +10 points position gone in second to -30 points position
due to SL jump and I exited in market price. Its ok to take loss but
SL jump is worrisome, this 2nd time in this year which void my setup
and money management

Market Golden rule repeated again, "Market discount anything"
Plan to not account this trade in analysis since Its occurrence is very less
you are right that "Market discount anything"

for me + 32 points profit turns into 4 points profits...

its part of the game..so just enjoying as like other trades.
 

Shikamaru

What a drag!!!
you are right that "Market discount anything"

for me + 32 points profit turns into 4 points profits...

its part of the game..so just enjoying as like other trades.
Yes sir, Profit & Loss always part of game / Plan.
Today Expecting Sideway let see how Londan opening react.
Plan not to trade today may I take some revenge trading :)
Since I am scalping in revenge trading and make my broker too rich..:lol:

Happy trading and progress.
 
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